Migdal Insurance & Financial Holdings Ltd. Sells 620,490 Shares of Franklin FTSE India ETF $FLIN

Migdal Insurance & Financial Holdings Ltd. reduced its holdings in Franklin FTSE India ETF (NYSEARCA:FLIN) by 35.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,145,000 shares of the company’s stock after selling 620,490 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned 1.77% of Franklin FTSE India ETF worth $42,697,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Investment Management Corp of Ontario increased its position in shares of Franklin FTSE India ETF by 220.3% in the second quarter. Investment Management Corp of Ontario now owns 1,563,681 shares of the company’s stock valued at $62,281,000 after acquiring an additional 1,075,500 shares during the last quarter. OLD National Bancorp IN grew its stake in Franklin FTSE India ETF by 446.9% in the second quarter. OLD National Bancorp IN now owns 636,044 shares of the company’s stock valued at $25,334,000 after purchasing an additional 519,754 shares in the last quarter. New York Life Investment Management LLC increased its position in shares of Franklin FTSE India ETF by 3,953.4% during the 2nd quarter. New York Life Investment Management LLC now owns 495,687 shares of the company’s stock worth $19,743,000 after purchasing an additional 483,458 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Franklin FTSE India ETF during the 1st quarter worth approximately $9,348,000. Finally, Bank of America Corp DE raised its stake in shares of Franklin FTSE India ETF by 115.0% during the 2nd quarter. Bank of America Corp DE now owns 284,146 shares of the company’s stock worth $11,318,000 after purchasing an additional 151,964 shares in the last quarter.

Franklin FTSE India ETF Trading Down 2.1%

NYSEARCA:FLIN opened at $37.00 on Wednesday. Franklin FTSE India ETF has a 1-year low of $33.86 and a 1-year high of $40.08. The firm has a fifty day simple moving average of $38.50 and a 200 day simple moving average of $38.41. The stock has a market capitalization of $2.78 billion, a PE ratio of 22.46 and a beta of 0.46.

Franklin FTSE India ETF Profile

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.